Schneider National Inc (SNDR)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	117,600	179,000	103,200	67,300	102,400	58,500	249,200	389,800	385,700	349,700	331,000	272,600	244,800	504,200	490,500	472,200	395,500	768,500	713,800	600,600
Short-term investments	US$ in thousands	47,900	52,600	54,000	56,900	57,200	56,400	54,800	45,900	45,900	44,600	46,400	48,500	49,300	45,700	49,100	49,400	47,100	45,600	46,800	49,200
Total current liabilities	US$ in thousands	673,900	657,200	659,300	743,700	606,200	610,600	594,100	666,500	636,900	734,200	726,100	725,900	690,200	716,000	719,500	667,100	534,600	516,600	482,200	474,600
Cash ratio		0.25	0.35	0.24	0.17	0.26	0.19	0.51	0.65	0.68	0.54	0.52	0.44	0.43	0.77	0.75	0.78	0.83	1.58	1.58	1.37

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($117,600K + $47,900K) ÷ $673,900K
= 0.25

The cash ratio of Schneider National Inc has fluctuated over the past few years, indicating varying levels of liquidity. The ratio started at a healthy 1.37 in March 2020, indicating that the company had $1.37 of cash for every $1 of current liabilities. It peaked at 1.58 in both June and September 2020, showcasing strong liquidity.

However, there was a significant drop to 0.83 by December 2020, suggesting a reduction in cash reserves relative to current liabilities. This trend continued into 2021, with the ratio declining to 0.43 by December 2021, indicating potential liquidity concerns.

Subsequent quarters in 2022 and 2023 saw slight improvements in the cash ratio, but it remained relatively low, hovering between 0.17 and 0.68. This suggests that the company may have faced challenges in managing its cash position efficiently during this period.

Overall, the declining trend in the cash ratio raises concerns about Schneider National Inc's ability to meet its short-term obligations using its cash reserves. It may be important for the company to closely monitor and manage its cash flow to improve liquidity and ensure financial stability in the future.